Dow Jones | The New York Observer

Yes, Vacancies

Tue, 10 Mar 2009 15:32:58 -0400

New theory: As the stock market continues to go down, down, down, Manhattan’s apartment vacancy rate will go up, up, up. Back in August, before Lehman Brothers imploded, the vacancy rate was 1.39 percent in Manhattan, according to statistics from Citi Habitats. Their February report, available here (PDF), indicates a 2.46 percent vacancy rate, considerably higher than January’s 2.24 percent rate and exponentially higher than last February’s rate of 1.31 percent.

Oh, and by...

Those 95 New Hires for Dow Jones Aren't Going to The Journal

Fri, 25 Jul 2008 17:19:38 -0400

In the memo in which Dow Jones editor in chief Robert Thomson announced there would be job cuts at The Journal, he also said: "Our new budget includes an ambitious expansion of our web and international operations, both for the Journal and for Newswires, where we are adding 95 journalists over coming months."

So where exactly are those 95 people going? Not to The Wall Street Journal.

A spokesman for The Journal, Bob Christie, told Media...

Rupert Murdoch Cans Wall Street Journal First Amendment Lawyer

Fri, 29 Feb 2008 14:04:07 -0500

The Wall Street Journal's longtime and well-liked First Amendment lawyer was fired by a Dow Jones senior executive, a recent hire by Rupert Murdoch.

The lawyer, Stuart Karle, had been with the newspaper since 1992. Yesterday afternoon Mr. Karle was called into the office of Dow Jones' counsel, Mark Jackson, who was formerly the associate chief counsel of HarperCollins and was made the chief counsel of Dow Jones on Dec. 17, two workdays after...

Shakeup at The Journal as Murdoch Moves to Install His Team

Fri, 07 Dec 2007 08:00:32 -0500

Yesterday at The Wall Street Journal, there were resignation announcements, multi-million dollar severance packages, and plans for trans-atlantic trips. And over the next few months, the shakeup is likely to continue. Rupert Murdoch takes formal control of Dow Jones and The Journal on Dec. 13, but he moved yesterday to install two trusted lieutenants, and to push out remnants of the Bancroft era. At a little before...

Dow Jones Snubbed Its Old Landlord

Tue, 27 Nov 2007 16:16:29 -0500

When it came to securing Dow Jones and The Wall Street Journal for Manhattan's biggest real estate auction, real estate tycoon Stephen Ross evidently beat Ric Clark to the punch.

In an interview with the Observer's Eliot Brown, Brookfield C.E.O. Ric Clark suggests that he tried to retain Dow Jones--which rents space in One World Financial Center, which Brookfield owns--for his proposal for the West Side before he found out that they already made plans.

I...

Dow Jones: 'Dividend Hasn't Changed'

Mon, 06 Aug 2007 12:30:34 -0400

It was reported earlier today that the Bancroft family received an extra windfall before approving the sale of Dow Jones.

From today's New York Post (with nice brief disclosure)

"Just prior to the Bancroft family's approval of selling Dow Jones to News Corp., the family doubled the dividend it takes from the company, filings said. Instead of its usual 25-cent per share quarterly dividend, the board voted to boost it to 50 cents, doubling its latest...